Republicans are criticizing Vice President Kamala Harris for her handling of issues like the border crisis, the economy, and crime during her time as Vice President. They argue that she could address these issues in her current capacity but has failed to do so. Meanwhile, Harris has made promises of what her administration would do if she becomes president, including strengthening border security, fighting for the middle class, and passing gun reform.
Consumer prices are expected to have risen just 0.2% from June to July, according to economists, suggesting that inflation is continuing to cool. The Federal Reserve is now considering lowering its key interest rate, with economists predicting the first cut in mid-September. However, the Fed is still closely monitoring the job market, which saw a slowdown in hiring and a rise in unemployment in July. Despite this, most analysts expect at least three interest rate cuts this year.
New Zealand’s central bank has surprised markets by cutting interest rates for the first time since 2020, signaling an aggressive easing path to combat slowing economic growth and bring inflation down to its target range. This move has sparked a sell-off in the Kiwi dollar and prompted predictions of further rate reductions in the coming months.
The Producer Price Index (PPI) for July showed a decline, easing concerns about inflation and potentially paving the way for the Federal Reserve to lower interest rates at its September meeting. This positive economic indicator suggests a potential slowdown in the economy, prompting the Fed to consider a rate cut to stimulate growth.
As the Federal Reserve starts to lower interest rates, dividend-paying stocks become increasingly attractive. However, not all dividend stocks are created equal. This article highlights three REITs – Host Hotels & Resorts, Equinix, and Prologis – with strong dividend growth potential, making them promising investment options in a slowing economy.
A lower-than-expected Producer Price Index (PPI) report has fueled optimism among traders, leading to increased bets on a larger interest rate cut by the Federal Reserve in September. The PPI rose 0.1% in July, falling short of expectations, while the core PPI remained flat. These figures suggest cooling inflation, potentially prompting the Fed to take more aggressive action to stimulate the economy.
The U.S. Travel Association hosted a meeting in Temecula Valley, emphasizing the critical role of tourism in boosting the local economy. Key issues discussed included visa processing times, airport delays, and support for the 2028 Summer Olympics, particularly the Equestrian Competition set for Temecula Valley.
While the overall job market saw a slowdown in hiring during July, the travel and hospitality industries bucked the trend, experiencing robust growth in employment. The summer vacation season, pent-up travel demand, and a focus on enhancing customer experiences fueled the need for more staff in these sectors. Despite economic uncertainties, travel and hospitality remain bright spots in the job market, offering significant opportunities for employment.
Global airline fuel spending is set to reach a record $291 billion in 2024, fueled by rising prices despite fuel consumption nearing pre-pandemic levels. The surge is attributed to ongoing conflicts in Russia, Ukraine, Israel, and Palestine, and is expected to continue into next year. However, record passenger numbers and revenue are projected to offset the increased costs.
India’s merchandise exports are projected to hit a record $111.7 billion in the second quarter of the current fiscal year (Q2 FY25), marking a 4.2% year-on-year growth. This optimistic forecast is fueled by robust economic activity, government initiatives, and a favorable global environment. However, risks remain, including uncertain economic prospects in advanced economies, geopolitical tensions, and supply chain disruptions.
